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Topsports Sprints Ahead As Foreign-Brand Boycott Fades
Tuesday, June 27, 2023 - 9:36am | 1178Read More...Key Takeaways: Topsports’ revenue rose by a “low 20s” percentage amount in its fiscal first quarter, indicating negative effects of an earlier boycott that affected its products may be fading The seller of Adidas and Nike shoes and sportswear in China closed 15% of its stores...
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Nike Stock Is Down 40% This Year Despite Strong Performance: What Will Today's Earnings Call Reveal?
Thursday, September 29, 2022 - 8:07am | 600Read More...Nike (NYSE: NKE) will report its earnings for the fiscal first quarter of 2023 on Thursday after the market closes. For those still holding on to Nike stock, the results will show where the sports apparel giant stands after having lost 45% of its market value since November 2021. See Also...
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Report: Nike Looking To Sell Surf Brand Hurley
Thursday, July 25, 2019 - 9:34am | 326Read More...Nike Inc (NYSE: NKE) is looking to sell its surfwear brand Hurley International, sources close to the matter told Reuters. What Happened Nike is looking to divest its surfwear brand at a time when the hobby doesn't appeal to non-surfing consumers as it has in the past, sources told Reuters....
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Nike Leads Dow After Rock-Solid Q2 Report: A Sell-Side Roundup
Friday, December 21, 2018 - 3:45pm | 1017Read More...Nike Inc (NYSE: NKE) shares are soaring higher in spite of overall market turmoil after reporting a big second-quarter earnings beat after the close Thursday. The world’s largest sportswear company delivered earnings of 52 cents per share, beating estimates by 6 cents. Revenue came in at $9.4...
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Dicks Sporting Goods Faces An Unlikely Competitor, Barclays Says
Monday, February 5, 2018 - 5:40pm | 502Read More...Dicks Sporting Goods Inc (NYSE: DKS) may not be the Best Buy Co Inc (NYSE: BBY) of the sporting goods industry after all, according to a new Barclays report. The Analyst Matthew McClintock downgraded Dicks Sporting Goods from Equal Weight to Underweight and lowered the price...
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Puma Parent Company Kering Announces Plan To Sell 70% Of Its Stake
Thursday, January 11, 2018 - 5:33pm | 518Read More...German sportswear company Puma AG Rudolf Dassler Sport (OTC: PMMAF) may no longer be weighed down by its French parent company Kering S A/ADR (OTC: PPRUY). The French luxury goods group proposed to reduce its stake in Puma on Thursday, distributing the majority of Puma shares — 70...
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Under Armour Bolsters Its Footwear Lineup With A New Boutique-Only Shoe
Wednesday, October 26, 2016 - 3:46pm | 276Read More...Under Armour Inc (NYSE: UA) has had quite the week. Despite beating on earnings estimates and revenues, the company suffered the worst single-day decline in eight years. While management tempered future guidance, Under Armour is still growing. It appears to be shifting from a hyper-growth company...
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VF Corp Tumbles 6% Following Worse-Than-Expected Q4 Print
Friday, February 19, 2016 - 8:48am | 246Read More...Shares of VF Corp (NYSE: VFC) were trading lower by more than 6 percent after the company reported its fourth quarter results. VF said that it earned $0.95 per share in the fourth quarter on revenue of $3.38 billion. Wall Street analysts were expecting the company to earn $1.01 per share on...
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Women's Sportswear Market May Overtake Men's in Sales (LULU, UA)
Tuesday, October 29, 2013 - 3:53pm | 765Read More...You don't have to be an athlete to wear athletic apparel – and you don't have to go to a gym to know that sportswear has been a runaway hit with consumers for years now. But you may be surprised to learn the often-neglected women's side of the industry could soon sprint by men's sportwear in...
